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Credit Union Leaders In Purchase Mortgage Market Share

These credit unions stood out among the rest for their ability to capture a high level of purchase mortgages in their local markets.

Credit unions made 4.65% of the total amount of all purchase mortgages in the United States in 2013, according to Home Mortgage Disclosure Act (HMDA) data analyzed in Callahan & Associates’ MortgageAnalyzer. This is a market share increase of 51 basis points from 4.14% in 2102. Below are the leading credit unions in purchase mortgage market share within their local metropolitan statistical areas (MSAs). Credit unions can be listed more than once if they had high levels of market share in multiple MSAs.

CREDIT UNION LEADERS IN PURCHASE MORTGAGE MARKET SHARE

Data as of December 31, 2013

Credit Union

MSA

Market Share (By % Of $ of Purchase Mortgages Funded)

Total Purchase Mortgages Funded in 2013

Total Amount of Purchase Mortgages Funded ($000s)

1

Purdue

Lafayette, IN

44.51%

366

$237,848

2

University Of Iowa Community

Iowa City, IA

33.43%

1,409

$180,006

3

Potlatch No 1

Lewiston, ID-WA

26.64%

183

$28,877

4

Alaska USA

Anchorage, AK

26.19%

1,610

$423,743

5

Royal

Eau Claire, WI

24.59%

543

$74,225

6

University Of Iowa Community

Waterloo-Cedar Falls, IA

24.54%

889

$83,921

7

University Of Iowa Community

Cedar Rapids, IA

24.21%

1,471

$135,400

8

New England

Burlington-South Burlington, VT

22.62%

619

$135,401

9

Altra

La Crosse, WI-MN

22.44%

347

$50,249

10

Lake Michigan

Holland-Grand Haven, MI

20.98%

766

$134,077

11

Greylock

Pittsfield, MA

20.75%

283

$45,088

12

CFCU Community

Ithaca, NY

20.70%

181

$32,251

13

Lake Michigan

Kalamazoo-Portage, MI

19.49%

636

$101,741

14

Alaska USA

Fairbanks, AK

19.20%

200

$41,704

15

Superior

Lima, OH

19.16%

165

$17,065

16

Lake Michigan

Grand Rapids-Wyoming, MI

19.02%

1,762

$279,278

17

Eastman

Kingsport-Bristol-Bristol, TN-VA

18.82%

482

$66,343

18

Idaho Central

Pocatello, ID

17.53%

188

$26,316

19

Dupaco Community

Dubuque, IA

17.41%

244

$30,197

20

Visions

Binghamton, NY

16.47%

224

$28,619

Source: Callahan & Associates’ MortgageAnalyzer

Coming soon from Callahan & Associates, the new MortgageAnalyzer has a multitude of enhancements designed to deliver customized market intelligence in an intuitive and easy to consume format. The recent enhancements allow you to:

Analyze an entire market with just a few clicks – perfect for merger and expansion analysis